Insurance & Bonding

To provide Contractors’with a comprehensive understanding of contractor insurance and bonding, including the types, purposes, and legal requirements, enabling them to assess risk, ensure compliance, and effectively manage protection strategies in construction and contracting projects.

This course will cover insurance and bonding requirements necessary for M/WBEs to grow from Subcontractor to Prime Contractor in the construction industry.

To equip construction contractors with a foundational understanding of contractor bonding and insurance, focusing on their roles in risk management, legal compliance, and financial protection throughout the construction project lifecycle.

By the end of this course, participants will be able to:

  • Differentiate between various types of construction bonds and insurance policies.
  • Interpret the roles and responsibilities of the principal, obligee, and surety in bonding agreements.
  • Identify common insurance requirements in construction contracts, including coverage types and limits.
  • Analyze real-world case studies to understand the practical applications and implications of bonding and insurance.
  • Apply best practices for integrating bonding and insurance considerations into project planning and execution.

Business Development/Contracting Opportunities

ACCESS

Access to this course and many more by applying to the BGA program. Learn more about this program here.

Class Starts On August 13, 2025

Course Content

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Gain an in depth understanding of insurance industry best practices

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Understand your single project bonding limit versus aggregate limit

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Set a benchmark to evaluate your broker

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Learn about types of Payment bond, bid and bonding vs insurance

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The role of a surety bond producer and how to prepare your bond application

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Strategies to increase bond capacity

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Evaluate your commercial, and general liability insurance policies to make sure you can compete to get the best rates

Contact Hours

Contact Hours:

3 Hours

Real Life Application

Real Life Application:

The practical application of methodologies

The skills to negotiate with confidence

Ideal for

Ideal for:

Professionals in every field

ACCESS

"*" indicates required fields

A. APPLICANT BUSINESS

B. FORM OF BUSINESS:

1. FORM OF BUSINESS:*

2. IS THE COMPANY NYS MWBE:

MINORITY-OWNED*
WOMAN-OWNED*
MINORITY-WOMAN OWNED*
C. BUSINESS INDUSTRY:*
IS YOUR COMPANY CURRENTLY CERTIFIED WITH NEW YORK STATE?*

(This program is only available to currently certified NYS MWBE businesses. IF YOU ANSWERED “NO” TO B2, PLEASE DO NOT COMPLETE THE REST OF THIS APPLICATION.)

What codes are you certified under?

Please enter a number greater than or equal to 0.

SECTION 2:

Please check the areas where you believe additional training would help you to accelerate your business growth. You may choose more than one area, please align these responses with the answers provided in Section 2 and 3:

Check:*

SECTION 3: AFFIRMATION OF APPLICANT:

SECTION 4: UPLOAD

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Click yes or no if you have architecture, engineering, and construction clients.*
Click yes or no if your firm has worked with agency, developer, real estate, and project clients.*

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